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    CIC Blog

    UNDERSTANDING THE DIFFERENT TYPES OF MOTOR INSURANCE COVERS

    In Kenya, it is mandatory for your vehicle to have a motor insurance cover before being used on a public road. The law of Kenya requires you to display the car insurance certificate on the windshield of your car where it is possible for a police officer to inspect it. The importance of having a motor insurance cover is that, it offers financial security in case one gets into an accident. This means that, the...

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    CIC Blog

    WHY YOUTH NEED START SAVING EARLY FOR RETIREMENT

    Saving for retirement ensures that you not only live a comfortable life in your golden years but also helps one have the financial freedom. However, in Kenya, latest figures by the Retirement Benefits Authority as at 2019 show only 21 per cent of the working population are part of pension schemes. This leaves at least 12 million people with no sort of retirement or social security fund to rely on when they retire. In a...

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    CIC Blog

    WHAT IS AN EMERGENCY FUND AND WHY YOU NEED IT

    Two years ago, no one would have predicted that there would be a global pandemic affecting the world. The current pandemic has served as a good reminder on the importance of building an emergency savings fund you can easily tap into during times of financial distress. Having access to liquid savings can lower financial stress for many families especially in times like these. An emergency fund is a cash reserve that is specifically set aside...

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    WHY LIFE INSURANCE COVER IS ESSENTIAL FOR EVERY KENYAN

    Ask most people what life insurance is, and they will tell you it’s a policy you buy that pays money to your family if you pass away. Life insurance is a contract between you and an insurance company. Essentially, it is designed to protect your family and the people depending on you for financial support in the event you lose your income due to critical illness or untimely demise. There are two main types of Life...

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    CIC GENERAL INSURANCE WINS BEST AUTOMOTIVE INSURER IN 2020

    Nairobi, December 17, 2020 –CIC General Insurance, a leading general insurer in Kenya has been declared the Best Automotive Insurer at the Automotive Industry Excellence Awards, 2020. This comes a year after the company won as the Most Preferred Private Vehicle Insurer at the same awards held in 2019. Speaking when receiving the award, CIC Ag Managing Director General Business, Ms. Grace Nzivwa reiterated that the organization has continued to ensure the needs of its...

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